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VCM Report: VER prices fade to one-month low, while traders mull impacts of forestry credit review

Published 19:40 on April 12, 2021  /  Last updated at 19:40 on April 12, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices continued a month-long descent this week as activity picked up in the futures market, while voluntary carbon market (VCM) traders pondered the impacts of US-based The Nature Conservancy undertaking an internal review of its forestry projects over additionality concerns.

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UPDATE – VCM Report: VER issuances and retirements grow in first quarter of 2021

Published 23:37 on April 5, 2021  /  Last updated at 14:10 on April 6, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices largely continued their downward or stagnant trend this week on lower activity, even as data showed voluntary carbon market (VCM) issuances and retirements surged in the first quarter of the year compared to 2020.

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CN Markets: CCER bids rise to nearly 30 yuan as national ETS launch looms

Published 12:44 on April 1, 2021  /  Last updated at 01:25 on April 2, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Interest in offsets is rising in China with traders taking punts on units they think will be eligible in the national ETS, while Chongqing and Guangdong performed best among the regional pilot markets over the past month.

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UPDATE – Middle East carbon standard approved as newest CORSIA offset programme

Published 21:37 on March 30, 2021  /  Last updated at 15:23 on March 31, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.

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China sets year-end compliance deadline for 2019, 2020 ETS emissions

Published 12:43 on March 30, 2021  /  Last updated at 12:44 on March 30, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

More than 2,200 power companies covered by China’s national emissions trading scheme will have to surrender allowances for their 2019 and 2020 CO2 emissions by Dec. 31, the government said Tuesday.

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China prepares to give emissions trading scheme a legislative foundation

Published 07:57 on March 30, 2021  /  Last updated at 09:11 on March 30, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s Ministry of Ecology and the Environment (MEE) on Tuesday released draft legislation that aims to write the national ETS into law, a move that would bolster the scheme’s authority and enable the government to hand out stricter penalties for non-compliance.

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VCM Report: VER prices slide on lower volume, though renewables restrictions boosting long-term bullishness

Published 21:37 on March 29, 2021  /  Last updated at 22:03 on March 29, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices dipped this week as market participants reported less activity in exchange-traded contracts, though restrictions on the eligibility of large-scale renewables projects are helping sustain voluntary carbon market (VCM) values across the spectrum.  

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China moves to bolster data weak spots for carbon market

Published 14:43 on March 29, 2021  /  Last updated at 14:43 on March 29, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s environment ministry on Monday released new rules designed to prevent false reporting of emissions under its national CO2 trading scheme, targeting dozens of state-owned enterprises that have tasked their own subsidiaries with verifying their CO2 output.

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Beijing positions itself as hub for China’s voluntary carbon trade

Published 11:11 on March 24, 2021  /  Last updated at 11:11 on March 24, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Beijing plans to set up a trading centre for voluntary carbon trading, the municipal government said Wednesday, a move seen as positioning the capital as the key hub for the voluntary market after Shanghai landed the right to serve the national compliance market.

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Even quickly rising carbon prices not sufficient for China to meet climate goals, says investment bank

Published 14:25 on March 23, 2021  /  Last updated at 16:05 on March 23, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China needs rapidly rising prices in its emissions trading scheme and a modest carbon tax for non-covered sectors in order to stand a chance of meeting its climate ambitions, but even then it will have to rely on technological progress, one of the country’s top investment banks said Tuesday.

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